Q2 2025 Oriental Land Co Ltd Earnings Call Transcript
Key Points
- Net sales reached a record high driven by increased sales in the hotel business segment and higher net sales per guest in the theme park segment.
- Revenue from attractions and shows increased due to sales of higher-priced tickets and strong demand for Tokyo Disney Resort vacation packages.
- The opening of Fantasy Springs contributed to increased food and beverage revenue.
- Net sales for the hotel business segment increased significantly due to the opening of the Tokyo Disney Sea Fantasy Springs Hotel.
- Bookings for the Tokyo Disney Sea Fantasy Springs Hotel continue to be robust, indicating strong future demand.
- Operating profit decreased due to increased costs, including higher merchandise and food and beverage cost ratios.
- Attendance decreased year-on-year due to a decline in travel demand and severe heat, impacting overall sales.
- Personnel expenses increased due to wage revisions and higher costs associated with the opening of Fantasy Springs.
- The occupancy rate at Disney Hotels decreased due to ongoing renovations at the Tokyo Disney Celebration Hotel.
- Net sales and all levels of profit fell short of initial forecasts, primarily due to lower than expected attendance.
Good afternoon everyone. I'm Tomoyuki Shimoda. Thank you very much for coming to our financial presentation. Despite your busy schedule.
First, I'd like to explain our financial results for the first half year of the fiscal year ending March 31st 2025.
Please refer to page 4 of the handout results for the first half year are as shown here in comparison with the same period of the previous fiscal year. Net sales reached a record high driven by an increase in net sales for the hotel business segment and an increase in net sales per guest for the theme park segment. But operating profit decreased due to increased costs.
I will explain the results by segment and the reasons for changes.
Please refer to page 5 net sales for the theme park segment increased by JPY4.8 billion to JPY238.7 billion attendance decreased year on year due to a decline in travel demand on the back of a slowdown in revenge spending that occurred after the pandemic and the severe heat offsetting the increase
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